Treasure Island Development Program

Transcription

1 Treasure Island Development Program Review of Transition Housing Commitments October 11, 2017

2 DDA Supporting Documents Other Project Documents Land Use Redevelopment Open Space Infrastructure Development Agreement Design for Development Jobs & Economic Development Disposition & Development Agreement Sustainability Trust Exchange Agreement Design Review and Document Approval Procedure Community Facilities Transportation Implementation Interagency Cooperation Agreement Technical Memoranda Housing & Transition Financing Navy Conveyance Agreement

3 Housing and Transition Commitments Housing Guiding document agreement for market-rate and affordable housing development Affordability in a range from 0 120% of Area Median Income Average Affordability below 50% of AMI TIHDI Transition Housing Provides for future transition of TIHDI provider households Transitional Housing Rules and Regulations for The Villages at Treasure Island (THRRs) Covers market rate residents Benefits extended to Pre-DDA Households only; Post-DDA Households provided only advisory services

4 TIHDI Transition Housing The Housing provides that the TIHDI agencies shall have the right to develop not less than 435 units May propose to develop additional sites TIHDI agencies currently lease 250 units Community Housing Partnership 110 Units Catholic Charities 66 Units Swords to Plowshares 36 Units HealthRight Units TIHDI Transition Housing provides that as TIHDI agencies construct new buildings, agency households in good standing will be offered replacement units

5 Villages at Treasure Island Residents Transitional Housing Rules and Regulations (THRRs) developed in conjunction with the development agreement and project entitlements Extends Transition Benefits to Households established before the development agreements were adopted in July 2011 (Pre-DDA Households) Households established after July 2011 (Post-DDA Households) are provided only advisory services

6 Transitional Housing Rules and Regulations Transition Benefit Options for Long Term Move New Rental Unit In-Lieu Payment Purchase Assistance Pre-Marketing Opportunity TIDA is responsible for constructing replacement units for Pre-DDA Households Replacement units are deed restricted and become affordable units upon vacancy

7 The Villages at Treasure Island Households 425 Occupied Units 205 Post-DDA Households 220 Pre-DDA Households Eligible for and Elect a New Affordable Unit Relocate to New Transition Unit Elect In-Lieu Payment or Down Payment Assistance

8 Roll of the Relocation Consultant Educate & advise Household members Eligibility for Transition Benefits Transition Benefit Options Procedures for extension of Transition Benefits Conduct Needs Assessment Interview each Pre-DDA Household Gather relevant information Household size & composition Household income Special circumstances Determine eligibility for Transition Benefits Assess affordable housing eligibility Inform the planning and design of TIDA residential sites Predict size and type of needed replacement units

9 Program Phasing

10 Development Schedule Navy work within the residential area is expected to continue into 2022 Property will not be transferred to TIDA until after Navy remediation is complete TICD development work is not expected to enter the housing area until 2023 at the earliest TIDA and TIHDI are planning for the development of replacement housing Timing of construction will depend upon availability of project generated funding and possible external funding sources First building expected to begin construction in 2019

11 October ITC Discussion of possible efficiencies in the construction of affordable housing

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